Guideline Value for Abdulbarook Sahib 2nd Street

Abdulbarook Sahib 2nd Street guideline value

The current guideline value of Abdulbarook Sahib 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Issa Pallavaram village under the Pallavaram SRO, classified as Mixed Type - II land.

How the guideline value of Abdulbarook Sahib 2nd Street has changed

The guideline value for Abdulbarook Sahib 2nd Street has seen several revisions over the years. In 2003, the guideline value was Rs 141 per sq.ft, which increased to Rs 400 per sq.ft in 2007, marking a significant rise of 184%. The value then surged dramatically to Rs 4,000 per sq.ft in 2012, reflecting a remarkable increase of 900%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

It is important to note that the register has no figure for this street in 2002. The current guideline value of Rs 4,400 per sq.ft is the highest recorded for this street.

Guideline values in Issa Pallavaram

In Issa Pallavaram, there are 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Abdulbarook Sahib 2nd Street is above this median.

• Abdulbarook Sahib 1st Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib 3rd Street: Rs 4,400 per sq.ft (2024)
• Abdulbarook Sahib Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 1st Cross Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib 2nd Cross Street: Rs 4,400 per sq.ft (2024)
• Abdul Farooq Shahib Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Abdulbarook Sahib 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Abdulbarook Sahib 2nd Street?

The Sub Registrar Office that covers Abdulbarook Sahib 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Issa Pallavaram

The guideline value is a crucial factor in the property registration process in Issa Pallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Abdulbarook Sahib 2nd Street?

The current guideline value of Abdulbarook Sahib 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 141 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, with various increases and decreases along the way, including a significant drop from Rs 4,000 in 2012 to Rs 2,680 in 2017.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations in Abdulbarook Sahib 2nd Street?

The Pallavaram Sub Registrar Office handles property registrations for Abdulbarook Sahib 2nd Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Abdulbarook Sahib 2nd Street?

The land classification for Abdulbarook Sahib 2nd Street is Mixed Type - II, indicating a diverse usage of land in the area.